{"id":235,"date":"2007-10-02T05:27:35","date_gmt":"2007-10-02T05:27:35","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/10\/callan_associates_resolves_sec_1"},"modified":"2021-09-20T15:41:20","modified_gmt":"2021-09-20T20:41:20","slug":"callan-associates-resolves-sec-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/callan-associates-resolves-sec-1\/","title":{"rendered":"Callan Associates Resolves SEC\u2019s Incomplete Disclosure of Conflict Charges"},"content":{"rendered":"

\t\t\t\tCallan & Associates has settled charges made by the SEC that the pension consultant firm incompletely disclosed a conflict of interest in an investment adviser registration form. The firm has agreed to obey the SEC’s cease and desist order.<\/p>\n

According to the SEC, Callan told clients that BNY Brokerage Inc. is its preferred securities broker, but failed to disclose that Callan received payments based on the amount of commission it could generate from investors for BNY. The SEC says that not revealing this key information resulted in Callan’s disclosure to be misleading. <\/p>\n

Callan sent letters to retirement clients every year to let them know that BNY is the firm’s preferred broker and clients could use BNY to pay Callan for services through direct brokerage. The letters, however, failed to reveal that the amount of compensation that Callan received from BNY depended on how much commission came from Callan clients. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Callan & Associates has settled charges made by the SEC that the pension consultant firm incompletely disclosed a conflict of interest in an investment adviser registration form. The firm has agreed to obey the SEC’s cease and desist order. According to the SEC, Callan told clients that BNY Brokerage Inc. is its preferred securities broker, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760],"tags":[],"class_list":["post-235","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement"],"yoast_head":"\nCallan Associates Resolves SEC\u2019s Incomplete Disclosure of Conflict Charges — Investor Lawyers Blog — October 2, 2007<\/title>\n<meta name=\"description\" content=\"Callan & Associates has settled charges made by the SEC that the pension consultant firm incompletely disclosed a conflict of interest in an — October 2, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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